The 6700 threshold

Monday saw a pretty strong bounce, the SPX settling +102pts (1.6%) to 6654. S/t momentum turned positive in the late afternoon.

The s/t cyclical setup favours the bulls for early Tuesday… with Q3 earnings due to begin with the financial giant of JPM.

The issue is whether the SPX can break AND hold >6700, or whether we see a stall… and (at least) re-test the Friday low of 6550.

Yours… watching the financials, not least KKR.